Which of the Following Accounts Would Tend to Give You

question 108

Multiple Choice

Which of the following accounts would tend to give you the higher interest combined with ease of access to your funds on a limited basis?

• A) Checking account
• B) MMDA
• C) NOW account
• D) CD

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Definitions:

High-speed Memory

Memory modules capable of fast data transfer rates, significantly enhancing computing performance.

Secondary Storage

Non-volatile storage that keeps data persistently saved even when not in active use, such as hard drives, SSDs, or cloud storage.

Tertiary Storage

A form of data storage that typically involves removable media with high capacity, used for archiving or backup purposes.

Quaternary Storage

A type of data storage system designed to store large volumes of data using optical or magnetic technology, often for archival purposes.